Open a Corporate Bank Account in France: Requirements & Costs

Looking to expand your business in France? One of the first and most critical steps is opening a corporate bank account. Whether you’re setting up a French subsidiary, launching a startup, or relocating your business operations in France, a business bank account in France is essential for managing transactions, paying taxes, and complying with French regulations.

In this comprehensive guide, we’ll walk you through everything you need to know about how to open a corporate bank account in France in 2025, including documentation, types of accounts, costs, eligibility for non-residents, and top banks for foreign-owned companies.

Why Open a Corporate Bank Account in France?

France offers one of the most robust, technologically advanced, and internationally connected banking systems in Europe. Having a corporate account in France allows you to:

• Conduct business legally and efficiently
• Pay VAT, social contributions, and employee salaries
• Receive payments from clients or marketplaces
• Apply for French credit, grants, or funding
• Establish credibility with partners and investors
• Comply with anti-money laundering (AML) and Know Your Business (KYB) regulations

Types of Accounts in a French Bank 

There are three kinds of bank accounts offered by conventional French banks. This is a brief description of each.

1. Current Account 

Most likely it’s the account you’re searching for. A current account is an ordinary bank account designed to use for everyday use. It enables you to use a credit card to make purchases, pay invoices, and withdraw cash from an ATM. Many banks offer special accounts such as non-resident accounts and student accounts that offer various advantages.

2. General Account (Livret)

This is an account for savings that lets you transfer funds into or out of the account you have in. You can also choose the option of a savings account tax-free known as Livret A, which has additional restrictions.

3. Long-term Savings Bank Account (Compte a Terme or Compte d’Epargne Logement) 

This savings account provides higher rates of interest to those who are saving money for a house or other major purchase.

When you research banks, look for banking fees. It is commonplace to find French banks to charge fees, for example, the monthly service fee or fees for debit cards. There are additionally ATM fees that differ between banks. To aid you, the French government has a no-cost tool that lets you look at the fees charged by various banks.

Can a Foreigner Open a Corporate Bank Account in France?

Yes. Foreign nationals and non-residents can open a corporate bank account in France—even remotely through certain online banks or fintech providers. However, the process requires detailed documentation and often a strong business case for account approval.

Requirements to Setup a Business Bank Account in France

To open a corporate account, French banks require the documents listed below:

For Companies Registered in France:

• Certificate of Incorporation (K-bis extract if applicable)
• Company bylaws (Articles of Association)
• Business registration number (SIRET)
• Evidence of registered office (utility invoice or rental contract)
• Tax Identification Number (TIN)
• Shareholders’ list
• Latest financial statements (if applicable)
• Board resolution authorizing account opening and nominating a legal representative
• Identity proof of company director(s) and UBOs (Ultimate Beneficial Owners)
• French VAT number (if registered)
• Professional business plan or financial forecast (especially for startups)

For Non-Resident Founders:

• Valid passport(s) and proof of residence
• Residence visa (if applicable)
• Proof of address in home country (utility bill or bank statement)
• Bank reference letter or previous banking history (some banks require this)

Note: Most traditional banks in France require a physical presence for account activation. However, some online-only banks (like Qonto or Wise Business) allow remote account setup for certain business structures.

Step-by-Step Process to Open a Corporate Bank Account in France

Opening a business bank account in France can take anywhere from 5 days to 4 weeks, depending on the bank and your entity type.

Step 1: Choose the Right Bank for Your Business

France is home to numerous national and international banks, including BNP Paribas, Société Générale, Crédit Agricole, HSBC France, La Banque Postale

Step 2: Prepare All Required Documentation

Compile and translate all required documents into French (where necessary). Many banks require notarized and apostilled copies, especially for foreign-owned companies.

Step 3: Submit an Application

You can either:

• Visit a bank branch (mandatory for traditional banks), or
• Apply online (for neobanks or fintech providers like Qonto)

Step 4: Bank Review and KYC/KYB Process

French banks conduct a detailed KYC (Know Your Customer) and KYB (Know Your Business) check before approval. They’ll verify your business purpose, source of funds, UBOs, and address details.

Expect some back-and-forth if:

• Your business model is complex or involves crypto, financial services, or international remittances.
• You are a non-resident without a physical French office.

Step 5: Account Activation and Initial Deposit

Upon approval:

• You will receive your IBAN, online banking credentials, and debit card.
• Certain banks may need a minimum deposit ranging from €300 to €1,000.

Once activated, your corporate account is fully operational for payments, SEPA transfers, and invoicing.

Costs of Establishing a Business Bank Account in France

Can You Open a Bank Account in France Remotely?

Yes, but only through fintech and neobanks like Qonto, Wise Business, or N26. These platforms cater to digital entrepreneurs, remote founders, and freelancers, offering:

• Remote KYC process
• Multi-currency accounts
• Real-time transaction monitoring
• Virtual cards and invoicing tools

However, you cannot open a full-service account at a traditional French bank without a personal visit or a local representative.

Conclusion

Establishing a corporate bank account in France is a crucial first step for any business or entrepreneur entering the French market. With the right preparation, documentation, and support, the process can be smooth and rewarding.

Whether you choose a traditional bank or a digital banking solution, ensure your business complies with French regulations, KYC requirements, and tax obligations.

Ready to set up your French bank account? Let OnDemand International experts assist you through every stage – from company registration to full banking setup. Get in touch with our experts today!